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 Ukrainian Politics, Economics
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 Vice Prime Minister Rozenko promises social standards growth by at least 10 percent next year

The social standards growth rate will outpace inflation in 2017.

Vice Prime Minister of Ukraine Pavlo Rozenko said on air of Espreso.TV, Censor.NET reports citing the press service of the Cabinet.

"We expect the inflation not to exceed 8 percent in 2017 while the social standards - the minimum wage, the minimum pension payment, the wages of all state-paid workers - will be raised by at least 10 percent," he said.

Read more: Deputy PM Rozenko: "Defined contribution pension system to kick off by 2017 at latest. This is our fundamental point"

He also noted that the government could increase the social standards more substantially in case of economic upturn.

"10 percent is the minimum that we can guarantee right now. But if the economic situation improves, if the economy produces more revenues, if we see that there are additional funds in the budget, the government will make a decision on a more substantial increase in social standards," the official assured.

Read more: 2017 budget to include at least 45B hryvnia in utility subsidies, - Deputy PM Rozenko

He also recalled that the next increase of minimum social standards by an average of 10 percent was scheduled for Dec. 1, 2016.
 
 
 
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